FG Financial Group, Inc. announces the price of its public offering



FG Financial Group, Inc. (NASDAQ: FGF), (“FG Financial Group” or the “Company”) today announced the price of its public offering for subscription of 652,174 common shares, at a public offering price of $ 4.00 per share, for gross proceeds of $ 2,608,696, before deduction of subscription fees and offering costs. All shares are offered by the Company.

The underwriters have been granted a 45-day option to purchase up to 97,826 additional common shares of the Company, exercisable in whole or in part, solely to hedge over-allotments, at the public offering price less up-load commissions. closed.

The offer is expected to close on 28 October 2021, subject to the satisfaction of the usual closing conditions.

Think about fairness acts as the sole bookrunner of the offer.

The securities will be offered and sold in accordance with a registration statement on form S-1 (file no. 333-258457), filed with the United States Securities Commission (the “SEC”) on August 4, 2021, modified October 5, 2021, and declared in force on 25 October 2021. The offer will be made only by means of a written prospectus, which has been or will be filed with the SECOND on its website at www.sec.gov. Copies of the prospectus relating to the offer may also be obtained from the offices of Think about fairness, 17 State Street, 22nd floor, New York, New York 10004, by phone at (877) 436-3673 or by email at [email protected]. Before investing in this offer, interested parties should read the entire prospectus and other documents that the Company has filed with the SECOND which are incorporated by reference in the prospectus, which provide more information about the Company and this offer.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

FG Financial Group, Inc.

FG Financial Group, Inc. is a reinsurance and investment management holding company focused on opportunistic, guaranteed and loss-capped reinsurance while allocating capital in partnership with Fundamental Global® to PSPC and companies related to PSPC sponsors. The principal business activities of the Company are carried out through its subsidiaries and affiliates.

The FG® logo is a registered trademark of Fundamental Global®.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Securities Act”). “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of those laws. These statements can be identified by the use of forward-looking terms such as “anticipate”, “believe”, “budget”, “may”, “contemplate”, “continue”, “might”, “consider”, “” s’ expect to “,” assess “,” foresee “,” objective “,” direction “,” indicate “,” intend “,” probable “,” may “,” could “,” prospect “,” plan ” , “possibly”, “potential”, “predict”, “probable”, “probably”, “pro forma”, “project”, “seek”, “should”, “target”, “view”, “will”, “would”, “will”, “continue”, “will probably result” or the negative thereof or other variations thereof or comparable terminology. In particular, discussions and statements concerning future business plans and initiatives of the Company, the expected timing of the closing of the Offer and the possible offer of additional Common Shares are forward-looking. We have based these forward-looking statements on our expectations, assumptions, estimates and projections. current tions. Although we believe they are reasonable, these forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, and may affect our ability to make implement and execute our future business plans. and initiatives. Management cautions that the forward-looking statements contained in this press release are not guarantees of future performance, and we cannot assume that such statements will materialize or that forward-looking events and circumstances will occur. Factors that could cause such a difference include, but are not limited to: market conditions and the satisfaction of all closing conditions of the offering, risks associated with our limited business operations since the sale of our operations of insurance in December 2019 (the “Sale of Assets”); the risks associated with our inability to identify and realize business opportunities, and the realization of new such opportunities, following the sale of assets; our ability to spend or invest the net proceeds from the sale of assets in a manner that generates a favorable return; general conditions in the global economy, including the impact of health and safety issues related to the current outbreak of the COVID-19 coronavirus; our lack of operating history or established reputation in the reinsurance industry; our inability to obtain or maintain the approvals necessary to operate reinsurance subsidiaries; risks associated with operating in the reinsurance industry, including inadequately priced insured risks, credit risk associated with brokers with whom we may do business and inadequate retrocession coverage; our inability to execute our investment and investment management strategy, including our investment strategy in real estate assets; potential loss of value of investments; risk of becoming an investment company; fluctuations in our short-term results as we implement our new business strategy; the risks of not being able to attract and retain qualified management and personnel to implement and execute our business and growth strategy; failure of our IT systems, data breaches and cyber attacks; our ability to establish and maintain an effective system of internal controls; our limited operating history as a publicly traded company; the requirements to be a public company and lose our status as a small company reporting or become a fast-filing; any potential conflict of interest between us and our controlling shareholders and the different interests of the controlling shareholders; potential conflicts of interest between us and our directors and executive officers; the volatility or decline of the common shares of FedNat Holding Company that we receive in consideration for the sale of assets or the limitations and restrictions on our ownership of such shares; the risks of being a minority shareholder of FedNat Holding Company; and the risks of our inability to continue to meet Nasdaq continuous listing standards after the completion of the asset sale.

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IMS Investor RelationsJohn nesbett/Jennifer Belodeau
(203) 972-9200

[email protected]

Source: FG Financial Group, Inc.



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